foxbusiness.com Archives - 26 April 2013, Friday

Singapore-based aircraft leasing company BOC Aviation Pte. Ltd. priced US$350 million worth of 10-year, senior unsecured notes to yield 4.401% a year, it said on Thursday.The notes carry a coupon of 4.375% and the yield represents a spread of 2.70% a year over 10-year U.S. Treasury no...

Singapore Airlines Ltd. (C6L.SG) and authorities in Thailand are investigating activation of extinguishers following cargo-hold smoke warnings on a flight from Singapore to Dhaka in Bangladesh.The flight on Monday was diverted to Bangkok. All 105 passengers and 12 crew disembarked saf...

The fervor over the digital currency bitcoin has drawn interest from two of the world's largest movers of money. Western Union Co. (WU) and MoneyGram International Inc. (MGI) are studying ways their customers could use their services to send and receive money transfers denominated in ...

Singapore's STI is down 0.3% at 3312.95, with just four components in positive territory, in the wake of declines in most regional markets and on Wall Street Wednesday. "It's a long overdue correction," says Kevin Scully, executive chairman at NRA Capital. "We are entering that portio...

Singapore traders are shuffling penny plays, with the STI wavering between positive and negative, lacking cues with several of the region's major markets still shuttered for an Easter Monday holiday. The STI is down 0.5 point at 3307.60. "Markets have shrugged off the fiscal uncertain...

Just as Bitcoin explodes beyond the $1 billion mark thanks to Europe’s debt crisis, the emerging virtual currency was dealt a setback this week after a key exchange was hit by a powerful cyber attack that caused delays. Coupled with other recent technical glitches, this week’s distrib...

Singapore's STI is down 0.1% at 3310.74 after opening at a fresh more than five-year high of 3321.62, amid a regional downdraft as concerns over Europe continued to damp sentiment and as players likely are wary of taking fresh positions both on the last trading day of the first quarte...

Singapore's STI is up 0.3% at 3277.10, extending gains a tad in afternoon trade. Three factors are moving the market, says Charlie Lim, a remisier at UOB KayHian, via email. He cites quarterly window-dressing from hedge funds, local banks achieving full compliance with Basel 3 and a l...

Singapore's STI is up 0.1% at 3271.39, eking out slight gains even though most regional markets followed Wall Street's decline amid continued concerns over the Cyprus bailout. "The market had done well in recent days and worries over how tiny or how big Cyprus is is going to overhang,...

As policymakers in Europe threaten the sanctity of bank deposits in crumbling Cyprus, the faceless operators of decentralized electronic currency Bitcoin must be smiling somewhere. The currency, a favorite among those worried about the safety of traditional banking and paper currency,...

As policymakers in Europe threaten the sanctity of bank deposits in crumbling Cyprus, the faceless operators of decentralized electronic currency Bitcoin must be smiling somewhere. The currency, a favorite among those worried about the safety of traditional banking and paper currency,...

0712 GMT [Dow Jones] Singapore's STI continues to largely shrug off fresh eurozone concerns after Cyprus' parliament rejected the proposed bank levy required for its bailout; the index is down 0.3% at 3260.19 in slow trade. "If they can handle Spain, what is Cyprus? It's not a big iss...

0227 GMT [Dow Jones] Singapore's STI is down 0.2% at 3261.56, largely shrugging off fresh eurozone concerns after Cyprus' parliament rejected the proposed bank levy required for its bailout. "Firstly, Cyprus is a relatively small economy, and secondly, although the deposit levy caused...

0054 GMT [Dow Jones] Singapore's STI is likely to fall Wednesday as markets digest Cyprus' rejection of a bank deposit tax to fund a bailout for the beleaguered sovereign, write SIAS Research analysts in a note. "The pullback on Wall Street overnight and the renewed concern from Europ...

0606 GMT [Dow Jones] Singapore's STI is down 0.7% at 3280.91, with just four components in positive territory, tracking declines in most regional markets. "Asian markets take their cue from U.S. markets," says Rieve Ko, a remisier at UOB KayHian. "For the longer term, we are still in ...

0751 GMT [Dow Jones] Singapore's STI is up 0.4% at 3306.06, remaining resilient despite most regional peers slipping into the red in the wake of a selloff in China shares. The Shanghai Composite Index ended down 1.0%, or 23.99 points at 2286.60. "The STI has lagged the major global in...

LONDON – London Mayor Boris Johnson lashed out at a European Union cap on bankers' bonuses on Thursday, warning that the move will shunt banking business away from the City of London and towards Zurich, Singapore and New York. Bankers in Europe face a cap on bonuses as early as next y...

Two Singapore-based traders have taken wrongful-dismissal action against UBS AG.They allege they were unfairly dismissed in connection with the bank's investigation into possible manipulation of benchmark interest rates and exchange rates, their lawyer said Thursday. The traders claim...

Singapore's Oversea-Chinese Banking Corp. (O39.SG) said Friday its fourth-quarter net profit rose 12% from a year earlier, thanks mainly to strength in its life-assurance and wealth-management businesses.Net profit for the three months ended Dec. 31 rose to 663 million Singapore dolla...

SINGAPORE – Singapore's Changi Airport, considered one of the best in the world, said on Friday it will boost passenger handling capacity by around 25 percent with a fourth terminal that will cost an estimated S$1.28 billion ($1.03 billion). The Southeast Asian city-state, one of the ...

Industrial & Commercial Bank of China Ltd. (1398.HK) has won the bid to clear yuan-denominated trades in Singapore, China's central bank said Friday.The move was made after negotiations with Singapore authorities, the People's Bank of China said in a statement posted on its website. I...

Royal Dutch Shell PLC (RDSA) Tuesday said it will increase capacity at its Singapore petrochemical plant to meet demand for specialized materials used in the automotive and furniture industries. The upgrade will increase the plant's capacity to produce polyols--industrial chemicals us...